Vontobel Holding Ltd. Sells 3,285 Shares of DoorDash, Inc. (NASDAQ:DASH)

Vontobel Holding Ltd. decreased its position in DoorDash, Inc. (NASDAQ:DASH) by 28.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,360 shares of the company’s stock after selling 3,285 shares during the period. Vontobel Holding Ltd.’s holdings in DoorDash were worth $1,402,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in DoorDash by 10.6% in the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after acquiring an additional 10,755 shares during the last quarter. Swedbank AB grew its stake in shares of DoorDash by 3.3% during the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after buying an additional 5,539 shares during the last quarter. Forsta AP Fonden grew its stake in shares of DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after purchasing an additional 3,498 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

DASH opened at $213.38 on Tuesday. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $214.64. The firm’s fifty day moving average is $180.04 and its 200 day moving average is $158.88. The stock has a market cap of $88.64 billion, a price-to-earnings ratio of -474.18, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00. Following the sale, the director now owns 16,176 shares in the company, valued at $2,857,652.16. The trade was a 75.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $168.53, for a total transaction of $3,370,600.00. Following the completion of the sale, the chief operating officer now owns 925,222 shares in the company, valued at approximately $155,927,663.66. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 882,426 shares of company stock worth $154,357,178 in the last 90 days. 7.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DASH. Piper Sandler restated a “neutral” rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Jefferies Financial Group lifted their target price on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 target price (up from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. DA Davidson raised their price target on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Bank of America raised their price target on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $205.45.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.